Exploring the use of machine learning for risk adjustment: A comparison of standard and penalized linear regression models in predicting health care costs in older adults.

BACKGROUND:Payers and providers still primarily use ordinary least squares (OLS) to estimate expected economic and clinical outcomes for risk adjustment purposes. Penalized linear regression represents a practical and incremental step forward that provides transparency and interpretability within th...

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Bibliographic Details
Main Authors: Hong J Kan, Hadi Kharrazi, Hsien-Yen Chang, Dave Bodycombe, Klaus Lemke, Jonathan P Weiner
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2019-01-01
Series:PLoS ONE
Online Access:https://doi.org/10.1371/journal.pone.0213258